Zar Property NY acquires SoHo retail condominium for $9.3 million

Manhattan, NY Zar Property NY has finalized the off-market acquisition of the retail component at 47-49 Mercer St. in SoHo for $9.3 million. The retail condominium, located between Grand St. and Broome Street, consists of 3,500 s/f on the ground floor and 4,000 s/f in the lower level. Both levels are occupied by CoCoMat, showroom based out of Greece that has leased the space since late 2011.

There was no broker involved in the transaction and the seller, an entity named “DL Mercer” is based out of Canada and had owned the property for over 20 years.

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